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Press Release brought to you by Advance Realty

Advance Realty Names Michael Sommer Managing Director of Community Development

03/26/2013

Advance Realty, a leading Northeast owner and developer of Class A office, mixed-use and multifamily properties, today announced that Michael Sommer has been named Managing Director of Community Development. In this role, Sommer, who has a 17-year track record of developing and constructing several thousand residential units, will be responsible for leading efforts related to the development of high profile and large scale mixed-use projects.

Prior to joining Advance, Sommer served as Senior Vice President for Premier Development & Affiliates, LLC, where he had primary oversight for diverse projects including low and mid-rise multifamily housing, active-adult communities and single family and townhome projects. He was in charge of all aspects of project development including land acquisitions, entitlements, land development, construction, property management, sales, leasing and marketing.

“We are extremely pleased to add such high-caliber talent to the Advance Realty team,” said Kurt Padavano, COO of Advance Realty.“Michael’s expertise in a wide range of project types and strong relationships with municipalities and government agencies will prove to be tremendous assets to our company as we continue to embark on additional projects.”

Among the notable projects Sommer has worked on are Stone Bridge in Raritan Borough, N.J., and three developments in Somerset, N.J. — Canal Walk, Summerfields and Cedar Manor.

Sommer earned an MBA from the Stern School of Business at New York University and a Bachelor of Arts degree in Economics and Business from Lafayette College. He is active in coaching youth football and baseball in his hometown and is involved with fundraising efforts to benefit the Northern New Jersey Affiliate of the Pancreatic Cancer Action Network.

“Advance Realty is a highly respected name in the commercial real estate marketplace and I believe my diverse skill set is an excellent match for the firm,“ Sommer said. “I look forward to working with my colleagues to expand our relationships with municipalities in an effort to grow the company’s development portfolio.”

About Advance Realty
Advance Realty, headquartered in Bedminster, New Jersey, is a privately held real estate development, investment and management company. Since its inception in 1979, Advance Realty has acquired or developed more than seven million square feet of commercial, residential, mixed-use and industrial projects. Advance continues to be one of the most active and respected commercial real estate companies in the New Jersey and Washington, D.C. markets.

Advance Realty is well positioned for smart growth in its core markets. The company's strong capital base, outstanding talent and flexibility as a privately held, fully integrated real estate company ensure continued success at the forefront of the commercial real estate industry.